Portland, OR, Jan. 24, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global PVDF resin market was estimated at $2.0 billion in 2021 and is expected to hit $4.2 billion by 2031, registering a CAGR of 7.8% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report Coverage & Details:
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $2.0 Billion |
| Market Size in 2031 | $4.2 Billion |
| CAGR | 7.8% |
| No. of Pages in Report | 380 |
| Segments Covered | Type of Crystalline Phase, Application, End-Use Industry, and Region. |
| Drivers | Surge in demand from pipes & fittings application |
| Increase in demand for Li-ion batteries | |
| Restraints | Health and environmental concerns regarding PVDF |
| Opportunities | Investment and government initiatives in the energy sector |
Covid-19 scenario-
- The disrupted supply chain across the world gave way to decreased use of raw materials utilized to manufacture polyvinylidene fluoride products, which in turn impacted the global PVDF resin market negatively, especially during the initial phase.
- However, The rapid expansion of the renewable energy industry got retrieved slowly and steadily.
The global PVDF resin market is analyzed across the type of crystalline phase, application, end-use industry, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
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By type of crystalline phase, the alpha phase of PVDF resin held the largest market share in 2021 and is projected to maintain its dominance by 2031. The beta phase segment, on the other hand, would showcase the fastest CAGR of 8.2% during the forecast period.
By application, the li-ion batteries held the largest market share in 2021 and is the fastest growing segment with CAGR 8.1%.
By end-use industry, the chemical processing segment contributed the largest share in the global PVDF resin market share in 2021 and is projected to rule the roost by 2031. The automotive segment, on the other hand, would display the fastest CAGR of 7.8% throughout the forecast period.
By region, Asia-Pacific held the major share in 2021, the same region would also showcase the fastest CAGR of 8.0% from 2022 to 2031. The other provinces assessed through the report include North America, Europe, and LAMEA.
The key market players analyzed in the global PVDF resin market report include 3M Company, Arkema, Daikin Industries Ltd., Dongyue Group Limited, Gujarat fluorochemicals limited, Kureha corporation, RTP Company, SABIC, Shanghai Ofluorine Co. Limited, Solvay and Zhejiang Fotech International Co. Ltd. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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